Set h(t) = 160 and solve for t:
160 = -16t2 + 112t
16t2 - 112t + 160 = 0
Divide both sides by 16:
t2 - 7t + 10 = 0
(t-2)(t-5) = 0
t = 2 and 5 seconds
The rocket will reach 160 feet at t=2 seconds on its way up, and again at t = 5 seconds on its way back down.